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Derive

Derive

DRV
#186
$0.3956Up 62.67 percent($0.15)

Key Stats

Market Cap$219.11MUp 62.67 percent
Volume (24h)$107.44M
Fully Diluted Value$415.31M
Vol/Mkt Cap (24h)49.03%
Total Supply1.05B DRV
Max Supply∞
Circulating Supply553.82M DRV
Launch Date2024-11-19

Derive Information

Websites
www.derive.xyzWhitepaper
Block Explorers
explorer.derive.xyz
Supported Standards
ERC-20
Industries
Governance

Derive Price Converter

DeriveDRV
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Latest Derive News

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Derive Markets

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InstrumentExchangeBenchmark DataPrice24h Change
DeriveUSD logo
DRV-USD
DRV-USD
coinbase logocoinbase
AA
0.4069USD
66.13%
DeriveUSDT logo
DRV-USDT
DRV_USDT
gateio logogateio
A
0.4066USDT
65.88%
DeriveUSD logo
DRV-USD
DRVUSD
kraken logokraken
AA
0.4079USD
66.18%
DeriveEUR logo
DRV-EUR
DRVEUR
kraken logokraken
AA
0.3526EUR
65.20%
DeriveKRW logo
DRV-KRW
KRW-DRV
upbit logoupbit
B
541.00KRW
61.01%

About Derive

Derive (DRV) is the native token of the Derive Protocol, a decentralised and capital-efficient trading platform for derivatives built on Ethereum and its Derive L2 rollup. DRV facilitates governance, incentivises trading, and supports the protocol’s sustainability through staking rewards and buyback mechanisms. Developed by the former Lyra team, Derive aims to provide a modular and scalable solution for decentralised derivatives trading.

Frequently Asked Questions

Derive (DRV) is the native token of the Derive Protocol, a decentralised derivatives ecosystem designed to offer capital-efficient trading and risk management on the Ethereum network and its dedicated layer-2 solution, Derive L2. The protocol supports various financial instruments, including European options, perpetual futures, and spot trading. It operates through a modular structure with smart contracts for asset management, risk control, and trading functionalities. DRV serves as the foundation of this ecosystem, integrating governance, staking incentives, and protocol growth mechanisms.

DRV is designed with multiple utilities within the Derive Protocol ecosystem:

  • Users can stake DRV into stDRV to participate in protocol governance.
  • Features a 28-day unlock period or instant unlock with a 20% penalty.
  • Voting power is delegable, encouraging broad participation in decision-making.

  • Stakers earn weekly rewards funded by DAO emissions.
  • After six months post-TGE, rewards transition to a buyback-funded model.
  • This model ensures sustainability and supports long-term demand.

  • DRV incentivises trading and liquidity provision.
  • A weekly emission pool of up to 2,500,000 DRV supports trading and liquidity programs.
  • Unused rewards are returned to the DAO treasury.

  • 25% of protocol revenue is used for weekly DRV buybacks.
  • This mechanism supports price stability and drives treasury growth.

  • DRV holders and liquidity providers benefit from reduced trading fees.
  • Access to exclusive ecosystem incentives encourages active participation.

Derive Protocol was developed by a team led by Sean Dawson, Dominic Romanowski, Anton Cheng, and Vladislav Abramov, with contributions from Joshua Kim, Jake Fitzgerald, Nick Forster, Timothy Gorham, and Ksett. The protocol is an evolution of the Lyra options trading platform, aiming to offer a more efficient and scalable decentralised derivatives trading experience​.